Summary

The investment seeks capital appreciation.
Fund Assets (millions) $14,791.4
Portfolio Managers 1
Fund Inception Nov 18, 1996
Gross Expense Ratio 1.03%
Fund Family Invesco
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.1
2.1
Non-U.S. Stocks 0.0
95.4
U.S. Bonds 0.0
0.4
Non-U.S. Bonds 0.0
0.0
Convertible 0.0
0.0
Preferred 0.0
0.8
Other 0.0
0.0
Cash 0.0
1.4
As of 2/28/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through March 31, 2025
ODVYX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
70.8%
Large
21.0%
Medium
7.3%
Small
0.9%
Micro
0.0%

As of 2/28/2025

Morningstar Ownership ZoneTM
1

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 2/28/25
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country, and in derivatives and other instruments that have economic characteristics similar to such securities.

Fund Facts

Fund Inception Nov 18, 1996
Fund Assets (Millions) $14,791.4
Dividend Distribution Frequency Annually
Minimum Investment $1,000
Capital Gains Distribution Frequency Annually
Turnover 43%
Fiscal Year-End Oct
Prospectus Date Feb 28, 2025

Returns

Month-End Returns as of 3/31/25

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
ODVYX
MSCI ACWI Ex USA NR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Yield & Valuation

12-Month Distribution Rates (NAV)
2
 --
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 2.75
Price/Cash Flow 6.84
Price/Earnings 15.78
As of 3/31/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Justin Leverenz 17 yrs
As of 3/31/2025

Ratings & Risk

Morningstar Rating TM
3


Overall Morningstar RatingTM
Funds rated(714)
3-yr. Morningstar RatingTM
(714 funds rated)
5-yr. Morningstar RatingTM
(636 funds rated)
10-yr. Morningstar RatingTM
(435 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Morningstar Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2025.

Risk Measures

Fund
Standard Deviation
16.94
Sharpe Ratio
0.11
R-squared
81
Beta
1.02
Capture Ratio (Downside/Upside)
107/95
American Funds and Morningstar Benchmark for the 10 Years Years ending 3/31/25 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Consumer Cyclical 22.0%
Technology 20.8%
Financial Services 17.5%
Communication Services 11.0%
Healthcare 10.7%
Industrials 5.7%
Consumer Defensive 3.6%
Energy 3.5%
Basic Materials 3.0%
Real Estate 2.4%
Utilities 0.0%

Percentage of net assets as of 2/28/2025

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
11.5%
Tencent Holdings Ltd
8.3%
H World Group Ltd ADR
5.4%
Kotak Mahindra Bank Ltd
4.6%
Meituan Class B
4.4%
HDFC Bank Ltd
2.8%
Fomento Economico Mexicano SAB de CV Units Con ...
2.8%
Grupo Mexico SAB de CV Class B
2.3%
Galp Energia SGPS SA
2.3%
Prada SpA
2.1%

Percentage of net assets as of 2/28/2025

Geographic Breakdown

Regions | Top Countries
Greater Asia
71.6%
Americas
14.6%
Greater Europe
11.9%
Percentage of net assets as of 2/28/2025

Fees & Expenses

Fees

Annual Management Fees 0.78%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
ODVYX 1.03%
Morningstar Category: Diversified Emerging Mkts 2.00%
Fund as of most recent prospectus. Morningstar Category as of 3/31/25.
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. For non-American Funds' current information and month-end results, visit the website for the firm managing the applicable investments.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
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  1. The Morningstar Ownership Zone™ provides detail about a portfolio's equity investment style by showing the range of stock sizes and styles. A portfolio's Ownership Zone™ is derived by plotting each stock in the fund's portfolio within the proprietary Morningstar Style Box™. The shaded area represents the center 75% of the fund's assets, and it provides an intuitive visual representation of the area of the market in which the fund invests. A "centroid" plot in the middle of the Ownership Zone represents the weighted average of all the fund's holdings. A fund that is concentrated will have a small ownership zone relative to the area of the style box, and broadly diversified fund will have an ownership zone that stretches across many sizes and style. Over a period of time, the shape and location of a fund's ownership zone may vary.
  1. The distribution rate reflects the fund's past dividends paid to shareholders and may differ from the fund's SEC yield which reflects the rate at which the fund is earning income on its current portfolio of securities. The distribution rate reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, it would be reduced.
  1. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not a guarantee of results in future periods. The Morningstar Ratings are based on the share classes of each underlying fund held by the series; other underlying fund share classes may have different performance characteristics.
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